Look For Gas Prices To Continue To Fall

gas prices2Motorists traveling for the year-end holidays saw the cheapest Christmas day gasoline since 2008. The average price for a gallon of regular unleaded was $2.18 in Tennessee. These prices broke the previous lows set in 2009 of $2.45.
“Low gas prices are helping consumers save more than $21 for a tank of gasoline compared to the highs earlier this year ($3.70), and that has a positive effect on holiday shopping and travel,” said Mark Jenkins, spokesman, AAA – The Auto Club Group. “The new year will bring new expectations for even cheaper gasoline. Prices could drop another 3-6 cents by New Year’s Day.”
Crude prices settled at $54.73 per barrel at the close of formal trading on Friday, a decline of $1.79 from the week before.
Gas prices are also forecast to be lower in 2015. The national average price for a gallon of regular unleaded will be $2.60. So far, the national average price for 2014 is $3.35.
The low price in Manchester is $2.03 per gallon and $1.99 in Tullahoma.